FxWirePro: NZD/CHF extends range trade below 0.69 handle, trendline resistance at 0.6930 in sight

NZD/CHF chart on Trading View used for analysis

• NZD/CHF is extending range trade below 0.69 handle, bias bullish.
   
• The pair is trading with a bullish momentum and next major resistance lies at 0.6930 (trendline).
   
• Price has closed above 110-W EMA in the previous week's trade. Weakness only on retrace below.
   
• Breakout at 0.6930 could see jump till 78.6% Fib at 0.6948 ahead of 88.6% Fib at 0.7029.
   
• 5-DMA is immediate support at 0.6848. Retrace below 110-W EMA at 0.6813 will see test of 200-DMA at 0.67 mark.

Support levels - 0.6848 (5-DMA), 0.6812 (61.8% Fib and 110-W EMA), 0.67 (200-DMA)

Resistance levels - 0.6930 (trendline), 0.6948 (78.6% Fib), 0.7029 (88.6% Fib)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.